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By Trend

President Donald Trump warned on Tuesday that all options are on the table for the United States to respond to North Korea’s firing of a ballistic missile over northern Japan’s Hokkaido island into the sea in a new show of force, Reuters reported.

The missile test further increased tension in east Asia as U.S. and South Korean forces conducted annual military exercises on the Korean peninsula, angering Pyongyang which sees the war games as a preparation for invasion.

North Korea has conducted dozens of ballistic missile tests under its leader, Kim Jong Un, in defiance of U.N. sanctions, but firing projectiles over mainland Japan is rare.

Trump, who has vowed not to let North Korea develop nuclear missiles that can hit the mainland United States, said the world had received North Korea’s latest message “loud and clear”.

“Threatening and destabilizing actions only increase the North Korean regime’s isolation in the region and among all nations of the world. All options are on the table,” Trump said in a statement.

Trump and Japanese Prime Minister Shinzo Abe spoke and agreed that North Korea “poses a grave and growing direct threat” to the United States, Japan and South Korea, the White House said.

Investors flocked to safe-haven assets after the missile firing.

The dollar fell to its lowest level in more than 2-1/2 years against a basket of major currencies .DXY but then rebounded, while benchmark 10-year Treasury yields fell and the price of gold hit more than a nine-month peak. U.S. stocks recovered from a sharply lower open.

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